Today’s Shorts Alert: Time to Reconsider Craft Brew Alliance Incorporated (NASDAQ:BREW) After More Short Sellers?

November 28, 2016 - By Dolores Ford
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The stock of Craft Brew Alliance Incorporated (NASDAQ:BREW) registered an increase of 12.26% in short interest. BREW’s total short interest was 1.03 million shares in November as published by FINRA. Its up 12.26% from 921,500 shares, reported previously. With 153,500 shares average volume, it will take short sellers 7 days to cover their BREW’s short positions. The short interest to Craft Brew Alliance Incorporated’s float is 11.51%. The stock closed at $15.8 during the last session. It is down 90.36% since April 25, 2016 and is uptrending. It has outperformed by 84.35% the S&P500.

Craft Brew Alliance, Inc. is a craft brewing firm that is engaged in brewing, branding and bringing to market American craft beers. The company has a market cap of $298.60 million. The Firm operates through two divisions: Beer Related operations, which include the brewing activities and related domestic and international beer and cider sales of its Kona, Widmer Brothers, Redhook and Omission beer brands, and Square Mile cider brand, and Pubs operations, which include its approximately five pubs, over four of which are located adjacent to its Beer Related operations, as well as other merchandise sales, and sales of its beers directly to customers. It has a 355.86 P/E ratio. The Company’s portfolio of brands includes the Kona Brewing Company, Widmer Brothers Brewing, Redhook Brewery, Omission Beer and Square Mile Cider Company brand families, along with partner brands Appalachian Mountain Brewery, Cisco Brewers and Resignation Brewery.

Insitutional Activity: The institutional sentiment decreased to 2.27 in Q2 2016. Its down 0.23, from 2.5 in 2016Q1. The ratio dropped, as 4 funds sold all Craft Brew Alliance Inc shares owned while 10 reduced positions. 10 funds bought stakes while 25 increased positions. They now own 4.20 million shares or 5.46% more from 3.99 million shares in 2016Q1.
Rhumbline Advisers has invested 0% of its portfolio in Craft Brew Alliance Inc (NASDAQ:BREW). Spot Trading Limited Liability, a Illinois-based fund reported 13,913 shares. Peak6 Invests Lp has invested 0% of its portfolio in Craft Brew Alliance Inc (NASDAQ:BREW). Moreover, Blackrock Invest Mgmt Limited Liability Com has 0% invested in Craft Brew Alliance Inc (NASDAQ:BREW) for 45,709 shares. Renaissance Tech Lc holds 236,800 shares or 0.01% of its portfolio. Us Bancshares De accumulated 0% or 2,000 shares. New York State Common Retirement Fund holds 0% or 9,300 shares in its portfolio. American Int owns 7,277 shares or 0% of their US portfolio. Royal National Bank Of Canada holds 0% or 150 shares in its portfolio. Fifth Third Bancshares last reported 300 shares in the company. Manatuck Hill Ltd Com has 0.37% invested in the company for 72,000 shares. Wells Fargo Com Mn has 19,540 shares for 0% of their US portfolio. Jefferies Grp Lc last reported 16,779 shares in the company. Panagora Asset accumulated 0% or 40,101 shares. Advisory Ser Ntwk Ltd accumulated 0% or 47 shares.

Insider Transactions: Since August 26, 2016, the stock had 3 insider buys, and 1 sale for $154,093 net activity. Mennen J Scott had bought 5,000 shares worth $70,050. 1,100 shares were bought by Kunze Kenneth C, worth $21,890. Another trade for 12,376 shares valued at $248,139 was sold by Rogers John D JR.

Craft Brew Alliance Inc (NASDAQ:BREW) Ratings Coverage

Out of 4 analysts covering Craft Brew Alliance (NASDAQ:BREW), 3 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 75% are positive. Craft Brew Alliance has been the topic of 8 analyst reports since August 6, 2015 according to StockzIntelligence Inc. As per Thursday, August 4, the company rating was upgraded by Sidoti. Citigroup maintained it with “Neutral” rating and $10 target price in Friday, August 7 report. Citigroup maintained it with “Neutral” rating and $10 target price in Wednesday, June 15 report. Citigroup maintained Craft Brew Alliance Inc (NASDAQ:BREW) on Friday, September 2 with “Neutral” rating. The firm has “Neutral” rating given on Friday, August 5 by Citigroup. The rating was maintained by TH Capital with “Buy” on Thursday, August 6.

BREW Company Profile

Craft Brew Alliance, Inc., incorporated on May 4, 1981, is a craft brewing firm that is engaged in brewing, branding and bringing to market American craft beers. The Firm operates through two divisions: Beer Related activities and Pubs operations. The Company’s Beer Related activities segment includes the brewing, and domestic and international sales of craft beers and ciders from its breweries. The Company’s Pubs activities segment includes its pubs, some of which are located adjacent to its Beer Related operations. The Firm brews its craft beers in approximately four company-owned breweries located in Portland, Oregon; the Seattle suburb of Woodinville, Washington; Portsmouth, New Hampshire; Kailua-Kona, Hawaii, and a brewery in Memphis, Tennessee owned by its brewing partner. Additionally, it owns and operates over two small breweries, used for small batch production and brews, in Portland, Oregon and Portsmouth, New Hampshire. It distributes its beers to retailers through wholesalers that are aligned with the Anheuser-Busch, LLC (A-B) network.

More notable recent Craft Brew Alliance Inc (NASDAQ:BREW) news were published by: Fool.com which released: “Why Craft Brewers Alliance Inc.’s Shares Popped 69% in August” on September 07, 2016, also Fool.com with their article: “Why Allegheny Technologies, USG, and Craft Brew Alliance Jumped Today” published on August 29, 2016, Seekingalpha.com published: “New Deal With Anheuser-Busch Is Big For Craft Brew Alliance” on August 24, 2016. More interesting news about Craft Brew Alliance Inc (NASDAQ:BREW) were released by: Seekingalpha.com and their article: “Is Something Brewing At Craft Brew Alliance?” published on June 29, 2016 as well as Seekingalpha.com‘s news article titled: “Craft Brew Alliance Or Kona And Friends?” with publication date: April 06, 2016.